Required information

Use the following information for the Exercises below. $($Algo$)$

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NewTech purchases computer equipment for $$267,000$ to use in operating activities for the next four years. It estimates the equipment's salvage value at $$25,000.$

Exercise $8-7($Algo$)$ Straight$-$line depreciation LO P$1$

Prepare a table showing depreciation and book value for each of the four years assuming straight$-$line depreciation.

$\backslash$table$[[$Straight$-$Line Depreciation,,$],[$Choose Numerator:,I,Choose Denominator:,$=,\backslash$table$[[$Annual Depreciation$],[$Expense$]]],[,1,,=,$Depreciation expense$],[,1,,=,],[$Year$,$Annual Depreciation,Year$-$End Book Value,,$],[$Year $1,,,,],[$Year $2,,,,],[$Year $3,,,,],[$Year $4,,,,],[$Total$,,,,]]$